Sheerness cafe owner on his struggles amid cost of living crisis
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Some eight million people will receive the Cost of Living payment from July, according to Chancellor Rishi Sunak. It may be some people who are struggling can apply for a £812 Budgeting Loan on top to help them make ends meet.
It’s worth up to £812 and although it will have to be paid back, payments can be spread over 12 months.
Usually, Universal Credit claimants can apply for a budgeting loan adding up to £812, if they are a couple with children.
The lowest amount people can borrow is £100 but the maximum depends on someone’s circumstances.
People can borrow:
- £348 for a single claim
- £464 if the claim is part of a couple
- £812 if one claimant is also entitled to Child Benefit
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While around eight million people who receive Universal Credit, legacy benefits and Pension Credit will qualify for £650, some people will receive different amounts.
All households will receive a cost of living rebate of £400 to put towards their energy bills.
Britons on disability benefits like Attendance Allowance will get an additional one-off sum of £150 in September, while pensioner households will receive an extra £300 this year.
They will only get the £650 on top if they are also claiming means-tested benefits.
Carers and people who rely on Personal Independence Payments because they have a disability or health condition will miss out on the £650 unless they receive means-tested benefits.
Money saving expert Martin Lewis has raised this issue with the Chancellor highlighting that carers save the British economy £132billion per year.
Often they are also earning much less because of their caring responsibilities but may not necessarily be claiming means-tested benefits.
People can claim Carer’s Allowance if they are caring for someone for at least 35 hours a week.
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To apply for a Budgeting Loan or Advance, people should leave a note in their work journal or speak to their benefits officer.
Benefit claimants may also be entitled to free prescriptions, a discount on Council Tax and free or cheaper broadband.
This help is usually available to people who are claiming Universal Credit, tax credits and Pension Credit.
People can find out more at Gov.uk.
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